dwot (38.32)

January 2009

24

We all have different experiences to which our outlook comes from and my economic outlook comes from living in Vancouver which, in my view, was a mini example of what happens when you have housing bubbles. [more]

19

Most financial reports that I read that have goodwill give me serious problems in accepting them. Goodwill should be renamed Fudge Factor Gone Crazy. In too many reports I see earnings based on this goodwill nonsense, and then losses as it returns to the nothing that it came from. [more]

Recs

10

I was just reading Mish on the British Pound. I predicted long time ago was probably one of the worst currencies to be in. That was an easy call just based on my observations from living there on out of control social spending. [more]

Recs

15

28

As an educator I do go on about the importance of education. I have worked on temporary assignments that were so difficult it kept me working from morning to night 7 days per week and when I calculated what I was actually making per hour, well, my students were getting about the same at the their part time after school jobs. And then parents that do not discipline their kids dump all over you. Their undisciplined kids are part of the reason the work load has grown so much. [more]